No matter how secure you feel your job and industry are, there is always a chance things could go south. Take the time now to create multiple sources of income in case your main one is cut off in the future.
Grant Cardone, writing at Entrepreneur, shares how he’s created other sources of income for himself:
To create wealth, you must make investments that will create dependable streams of income flows, independent of your main source of income. I use rental income from apartments and partnerships in other companies to throw off passive flows of income. I continue to pay attention to each of these flows to make them stronger.
Even if you don’t have much time for a side gig, passively earning money to pad your pocket helps to make you feel more confident about your financial future, gives you extra cash to spend, and gives you something to fall back on if you lose your job. For more tips on how to increase your wealth, check out the full post linked below.
8 Money Mistakes to Avoid On Your Way to Being Wealthy [Entrepreneur]